Institutional Investors, Intangible Information and the Book-to-Market Effect

Do sophisticated players in the stock market, namely institutions, trade against intangible information, thereby mitigating the extent of overreaction?More generally, do trades by institutions tend to move asst prices toward or away from fundamental values?

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Year of publication:	2008-06-01
Authors:	Jiang, Hao
Institutions:	Erasmus Universiteit <Rotterdam> / Faculteit Bedrijfskunde
Subject:	Portfoliomanagement \| portfolio management \| Überreaktionseffekt \| Marktwert \| market efficiency \| Institutionstheorie

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Table of Contents
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Motivation & Overview
Empirical Analysis
Conclusions

Persistent link: https://www.econbiz.de/10005868895